Skip to main content

About your Search

20121101
20121130
STATION
CNBC 231
CSPAN2 1
LANGUAGE
English 232
Search Results 50 to 149 of about 232 (some duplicates have been removed)
CNBC
Nov 13, 2012 4:00pm EST
than the rest of the world. the u.s. is starting to show good trends. in an area that capital spending might be flat or plus 2%, enterprise is starting to show some signs of coming back outside of europe. commercial marketplace, which is what i watch the most, is also doing okay. so i would assume government's going to continue to be tough, especially the u.s. federal government. public sector around the world, okay. in the u.s., not counting federal. good in asia-pacific. still challenging in europe. >> we're looking at challenges in the u.s., obviously. i want to get your take on what's going on with with taxes and what your expectations are. first off, you've got 87% of total cash held overseas. is that right? >> that is probably pretty accurate. probably in excess of $40 billion. >> what are the pans to repay trait? is it worth taking a tax hit to invest domestically, or it's too expensi expensive, so you leave that money overseas until you see a change in tax code? >> we're at a cross roads. we clearly want to put this money to use in a way that benefits our shareholders. if we be
CNBC
Nov 15, 2012 3:00pm EST
at much lower levels. jeff cox, i mentioned the $750 billion in loss. that's just the u.s. when you add in global markets, according to rich peterson at capital s&p, it's $1 trillion that's been taken out of market value just since the election. >> it's crazy. if you remember several months aer ago, i was on and we talked about technical levels in the market. i said 1350 is an important upside. we cleared that. now we're coming back down again. we're around 1353. if that doesn't hold as support rather than resistance, the next place between here and there, 1278 it the june lows. 1158 we were at last year. there's basically nothing between. where does that leave investors? the fed minutes came out yesterday with an indication there's still an appetite for easing. i think we're paving the way for a possible qe-4, especially pending what happens with the cliff. i think if we get this can kick thing, it's only going to add to uncertainty. a lot of folks are looking for alternatives, not stocks, high yield. they want something different. >> yeah, because they're afraid of equities. >> if you
CNBC
Nov 16, 2012 1:00pm EST
resigning. in a private hearing, he told lawmakers that he believed all along that the attack on the u.s. consulate in benghazi, libya was a terrorist strike despite how the white house initially portrayed it. of the scandal that led him to resign, petraeus expressed his regret about the circumstances of his departure but said nothing more. simon? >>> two major breaking stories right now impacting the oil market. there's been an explosion on an oil rig in the gulf of mexico off the coast of venice, louisiana. a company called black elk energy operates that rig. reports are that a worker may have cut a line with a settling torch. four people have been rushed to the hospital, two are reportedly still missing. so far we have no reports of oil actually leaking into the gulf. >>> meanwhile, also breaking right now, the u.n. nuclear agency says iran is about to double output of higher enriched uranium. now that is a material that can easily be turned, we're told, into a nuclear warhead. sharon epperson is following the oil impact on both of those breaking stories. sharon, over to you. >> brent
CNBC
Nov 19, 2012 3:00pm EST
is that the u.s. bankruptcy judge said that the parties have agreed to a medation in the prevention of shutting down hostess. that will likely be monitored by the same judge tomorrow morning at 11 a.m. this is an attempt to avoid a shutdown, even though in today's hearing the hostess brand lawyer said it would be, quote, very hard to recover from this damage even if there were to be an agreement in the near term. still unclear what this actually means for hostess's ability to operate is a going certain but still a positive move and we'll stay tuned to what actually happens tomorrow. >> he's put off the table for now chapter 7 or chapter 11, is that my understanding? he's going to get them to do a deal even though bakers have rejected? >> that's right. an alternative to liquidation for today. he's giving them till tomorrow to say, if quu agree on some terms in the private, the brain trust will be in a room trying to hammer out a deal. if not, more options will be on the table. at least for the next 24 hours it looks like liquidation is off the table. but just for this very short term. also the q
CNBC
Nov 22, 2012 3:00pm EST
and most violent godfathers, known to u.s. law enforcement as the john gotti of japan. but there was one thing goto's power and money couldn't buy him in his homeland. he had liver disease and desperately needed a transplant. culturally, the japanese don't believe in organ donation, so to get a new liver, he needed to come to the u.s. for a yakuza, that should have been a problem, says mike cox. he was the chief of immigration and customs at the u.s. embassy in tokyo. >> we want to be a welcoming country in the united states, but certainly, we don't want the yakuza coming to the united states. >> because they're criminals? >> they have extensive criminal histories here in japan. they are members of criminal organizations. for both of those reasons, they would be ineligible to enter the united states. >> how did he get around that? according to jake adelstein's reporting, which we confirmed, tadamasa goto made a deal with the fbi. he offered to become a rat and inform on his yakuza brothers. >> goto said, "here's the deal. i need to get in the united states to get my liver transplant, or
CNBC
Nov 29, 2012 4:00pm EST
down. we stress doing it in local currency. the other areas are u.s. high yield, which i still think is valuable. we do think spreads will contract and emerging market equities as well. >> jordan, what about you? how are you preparing for what could be an eventuality where we go over the cliff and we've got to deal with higher taxes and a slower economy? a lot of people expecting recession in 2013, if, in fact, this occurs. >> think about what works well in a slow-growth economy. consumer products companies do well. high dividend payers. you'll see 100 companies that have already declared dividends this month. those are the strongest companies in the market. those are the ones that can afford to buy back shares or invest in high r.o.e. projects next year. i wouldn't avoid them just thinking dividend taxes are going up. they're the strongest in the market. you also have energy infrastructure, which is paying about 6%. most of it is a return of principle. these are companies with some of the lowest cost of capital ever. high return projects, long-term contracts. the government is in su
CNBC
Nov 1, 2012 1:00pm EDT
jeff becker, ceo of ing u.s. investment management. ing is also the presenting sponsor at this weekend's new york city marathon. why don't we begin there. i realize that you run the investment management division, not all of ing in the americas, but you must have a perspective. a lot of new yorkers are very concerned -- some of them are angry -- that this marathon is going to go on as scheduled. did people from your company consult with the mayor, what did they say to him, to the extent you know, and do you support the decision? >> we do. the decision was taken by the mayor and the city of new york in consultation with the new york road runners. ing is the title sponsor. we support that decision. we're proud to be the title sponsor for the tenth year in a row. the marathon is a wonderful event for new york. it really represents the vitality and perseverance of new yorkers. it also has a tremendous economic benefit to the city of new york. the estimates are that annually, it gives annomi of $340 million to the city, and about $35 million to charities each year. >> it is a wonderful even
CNBC
Nov 8, 2012 1:00pm EST
ratings agencies going do, is there another downgrade of u.s. debt looming here and what would that do to financial markets. i want to sort of tell you a little bit about why you might be able to stop worrying and start to love these ratings agencies. the reason is the timeline of any downgrade that might come down the pike. starting with moody's. they're saying their rating on u.s. debt is likely to be maintained until the outlook of negotiations is clear. now fitch, they're likely to review their rating of u.s. debt in late 2013. late 2013. standard & poors poor's is saying it is a 1 in 3 chance of a downgrade over the coming two years. what do the ratings agencies want to see in order to avoid those kinds of downgrades? what they're saying is laid out specifically in their reports. moody's saying they want to see specific policies that produce a stabilization. they want a downward federal debt to gdp trend. fitch says they want an agreement on med yum term deficit reduction in 2013. standard and poor's is saying a medium term fiscal plan toward reducing general government debt. if y
CNBC
Nov 8, 2012 3:00pm EST
there again? >> well, again, the u.s. stimulated the last crisis with our subprime crisis. the world was awash in debt. demographic trends were set to slow. now we have the same thing replaying with europe set to be the trigger this time with their sovereign debt crisis. we have even greater debt now in countries around the world. demographics is getting ready to slow more in the next few years. i think we're prime for a crisis. this time it's going to be europe that triggers it, not our fiscal cliff, not our fed. if we could take the whole world down, europe can take the whole world down. think of it this way. we've had two bubbles and we're in a third one. each bubble has taken us a little higher. each crash has taken us a little lower. 6,000 is simply the bottom trend line through those bottoms, including the 6440 in early 2009. it's a slight new low. it's not anything that should be unexpected given the trend. >> well, it's still, you know, half of where we are right now. it's only a two-year period. ron, take the other side of that. what do you think? >> i think it's a pretty easy other s
CNBC
Nov 11, 2012 11:00pm EST
to 60 minutes on cnbc. i'm leslie stahl. by most accounts, the financial crash of 2008 pushed the u.s. economy to the brink of collapse. in its aftermath, some of the country's biggest banks received very big bailouts while large numbers of small local banks failed. this edition features a unique inside look at the seizure of a failed bank and a rare interview with one of the men at the center of the 2008 economic crisis and the recovery plan that has followed, the chairman of the board of governors of the federal reserve system, ben bernanke. plus, morley safer asks, "can america afford the lincoln penny?" well, we begin with bernanke. after the crash of '08, bernanke invoked emergency powers, and with unprecedented aggressiveness, he's thrown more than $1 trillion at the crisis. the words of any fed chairman cause fortunes to rise and fall, and so by tradition, chairmen of the fed do not do interviews. that is, until march of 2009 when ben bernanke sat down with scott pelley. >> mr. chairman, i'm gonna start with a question that everyone wants me to ask. when does this end? >> it de
CNBC
Nov 12, 2012 12:00pm EST
, you said you wanted to be u.s. centric. i understand you. there's certain companies. i'll mention one or two. yum brands and ibm. ibm probably gets close to 65% of their revenue outside the u.s. how do you make the distinction, i guess? >> it's going to be impossible with these megacap companies like walmart, yum or apple to make that distinction. but what you want to do is you want to be as a dollar invested investor here in the united states, you don't want to be exposed to currency fluctuation. so in 2013 you may have the dollar rally, the euro be dragged down. at this point i would say be more exposed to the u.s. than perhaps overseas. >> you want to get defensive and pretty much -- pretty severely, right? consumer staples? things like that? >> right. what you're going to have happening here is expectations, s&p earnings are going to come down. around $115 a share. we're expecting $105. revenue growth, nonexistent for the last three quarters. this quarter the reason why the market has collapsed over the last month and a half is due to the fact that revenues haven't moved. that's w
CNBC
Nov 19, 2012 9:00am EST
, this is fascinating. the fiscal cliff issue is a reason for many markets to move in the u.s. it's also big reason in europe and as it overlays several months going back to june with dow jones industrial average, you can see that our market was impacted more by the election but both charts are highly correlated and it's the fact that we are talking potential solutions to our fiscal cliff. melissa lee, back to you. >> thank you very much, rick santelli. just a note here, we're waiting for intel to begin trading again. a delayed open because of news that ceo will be retiring in may. we're awaiting that opening trade. 9:45 eastern time is our latest indication. meantime, will we see a massive correction even if there is a fiscal cliff deal? that's what david shulman is saying. find out why the senior economist is making such a bearish call. brewing job creation. what the folks at sam adams are doing to get food and beverage entrepreneurs a lift. stay tuned. [ male announcer ] introducing the new dell xps 12. part of a whole new line of tablets from dell. it's changing the conversation. ♪ well, havi
CNBC
Nov 28, 2012 6:00am EST
. the obama administration saying that china's currency remains significantly undervalued, but the u.s. treasury department is now stopping short of labeling the world's second biggest economy a currency manipulator. the white house is expected now to send the congress a multi-billion-dollar request on the recovery from superstorm sandy. the storm caused an estimated $71 billion in damages in new york and new jersey, and some congressional aides saying the request for funding would likely be at least $11 billion. the move comes as canada gets close to its decision on whether to approve the transaction. the energy companies say discussions with the committee are still in progress, and of course they had to file approval because they have extensive operations in the u.s. gulf of mexico. >>> "the wall street journal" reporting that virtue is emerging as the frontrunner to buy knight capital. they would possibly sell off parts of that business. finally, we can't get away from the story of twinkies. the bakers union of hostess brands wants a bankruptcy judge to appoint a chapter 11 trustee
CNBC
Nov 5, 2012 11:00pm EST
the same period. we associate obama with ruthlessness toward the banks. yet wells fargo, jp morgan, and u.s. bank corp are pretty much unchanged. and the credit card bank capital one thought to be the bane of the credit card bashing obama, actually up 8%. bank of america has collapsed from $47 to $9. a lot of them $57 to $17. mastercard 184 to 465. you have to draw a conclusion other than goldman and morgan have the wrong business models for the moment. and the big domestic banks have the right ones, except the poorly run, poorly executing bank of america, which can't benefit from the model because it's been so horribly hobbled by previous management's mistakes. >> the house of pain. >> that said, will goldman and morgan stanley do better under romney? is dodd/frank the liaison? or depending on trading and mergers and acquisitions as the peddling of big acquisitions is a thing of the past maybe they can come back. i still can't pin the tail on obama. too much disparity within the sector. obama care was supposed to take the profit margin out of the drug stocks, right? merck and pfizer are un
CNBC
Nov 14, 2012 6:00am EST
. blankfein writes "there is more than a trillion dollars of cash sitting on balance sheets of u.s. non-financial companies. certain will increase their capital expenditures currently at anemic levels, contributing to a virtuous cycle of jobs and growth." minimizing increases in marginal rates that could stifle risk taking and robust growth. he also stresses the importance of restoring confidence in public finance by implementing spending cuts and revenue increases. in the meantime, dallas fed president richard fisher tells cnbc that the central bank can't do much more to shelter the economy. >> we need to completely reboot tax policy and spending policy. if we have temporary fixes to the fiscal cliff, just push out the envelope of indecision until we have a sense of true direction, and it's time for our politicians to get their act together. >> fisher says he does not view the fed as a safety net. that is certainly a change of perception, one that congress is going to have to figure out pretty quickly along with the rest of washington. >> that it is. there's been a number of interviews
CNBC
Nov 6, 2012 9:00am EST
for chapter 11. different news to digest. sales in the u.s., ford, gm, doing well. japanese automaker selling to china not doing so well. foreign automaker selling into china doing well at bmw. >> i think the suzuki thing mirrors what's happening at ford. >> i had an eye on one of their models. >> which one? >> the one with the four wheels. >> i have a harley in my garage. >> i'm not kidding. >> which garage is it by the way? do you even know? >> one of them is flooded. are you happy with that? >> is there a side car at leas.? >> i have tattoos all of the way up you just don't see them. suzuki blinking, ford, blinking, gm starting to blink. there's anti-globalization going on that we have to notice. some people say that i can't hack it in these markets. toyota was good. bmw was downbeat in terms of future. it wouldn't be something if everyone recognized what alcoa recognized. maybe it's too hard to be global. maybe it's too hard. go, suzuki was broken by the yen. it's hard to do business when you have these currency wars going on. >> how about kimberly getting out of diapers in europe? there'
CNBC
Nov 8, 2012 9:00am EST
time in nearly a decade and the u.s. underperforming. any doubt now that rivals are stealing share? >> retailers like macy's finally quantifying the effect of hurricane sandy. walmart kicking off black friday earlier than ever. we start this morning with the markets looking to bounce back from yesterday's selloff and nearly 1313 drop in the dow. europe on wall street's radar after the ecb and bank of england kept key rates unchanged. draghi holding a press conference right now saying he sees economic rekafr ri remaining weak and reforms are crucial to boosting growth potential on top of greece passing an unpopular package of austerity measures on wednesday and necessary for greece to receive another round of international financial aid. china's ruling communist party congress con vealing today in a leadership change. so much to digest overseas, jim. what came out of the ecb is expected. came out of greece seems to be largely expected. but spain still resisting. a bailout. that's trouble. >> i know. every day the crucial -- that's the crucial link. you have to give them the good loa
CNBC
Nov 26, 2012 6:00am EST
at the ex-have a dax, up 5%. ftse up nearly 4% in the last week on top of pretty good gains for the u.s. markets as you know between 3% and 4%, as well. so no surprise perhaps today that we're a little bit weaker on the back of those gains. 8:2 just about decliners outpacing advancers. this is how it translates. ftse 100 down half a percent. xetra dax up a quarter. ibex down about half of 1%. a number of things going on in politics as ever. we had regional elections in spain. yields you can see slightly higher, but still well below 6%. now, these regional elections fairly important because we know catalonia has been pushing on on independence. now, it looks less likely we'll get that referendum, but not because people in catalonia are any less eager on a separatist movement. just that they didn't vote for the main guy who is proposing it. they voted for competitor party which is makes it slightly harder in the short term for them possibly to get a referendum going. so eases the pressure in the short term but means there is still a longer term problem there. catalonia is one of those reg
CNBC
Nov 30, 2012 9:00am EST
. china was down. they did have tremendously difficult comparisons. u.s. was also weaker. this was just not a good quarter. >> that's true. >> so ubs goes to neutral and trims estimates and cuts price target from 84 to 73. they say that deceleration is going into q-2. >> yum we're not that crazy about. chipotle. panera is a standout. this has been a terrific group. it lost its luster. entire quick serve contingent has become a place that people are worried about with the exception of highest value. panera. it's a decent stock. >> what's also surprising about what young came out with last month is they were talking about china. they weren't overly cautious about china. at the same time we've been getting better and better data points when it comes to china. economic data has been in fact turning. we haven't seen the stock market in china join and now we're not seeing it in yum. yum had once been the big multinational china play. if yum can't make it work, what other companies will we start to look at? will we look at nike or another multinational with a decent amount of growth from sales
CNBC
Nov 22, 2012 4:00pm EST
-fired power plants generating electricity in the u.s., and those plants produce 130 million tons of waste called coal ash. it contains concentrations of mercury, arsenic, lead, and other toxic materials. and as lesley stahl first reported in 2009, when coal ash is dumped into wet ponds--and there are more than 500 of those across the country-- the result can have an enormous health risk on the people living in nearby communities. >> we get about 48%, nearly half of the electricity in this country from coal. >> jim roewer is one of the top lobbyists for the power industry. >> coal is going to be around for a long time. >> and we really can't get rid of coal. >> we shouldn't get rid of coal. >> well, should or shouldn't, we can't, and coal makes waste. would you say that the industry has done a good job of disposing of the coal ash waste? >> we can do better. >> does that mean no? >> well, we had a kingston spill. >> that's kingston, tennessee, where, in december 2008, a giant retention pool of coal ash buckled under the weight of five decades of waste. >> all the power lines have been knoc
CNBC
Nov 23, 2012 1:00pm EST
see things that are happening not only in the u.s. but on a global basis. it would lead me to believe that the market could be up 10% or more next year. i would -- >> what are you seeing when you say you are looking around the world that makes you believe we'll go higher? >> i see several things. i see emerging markets have slurmd in the second half of the year. i think those are improving, specifically in china. i see the eurozone committed to economic stimulus through their monetary system in the ecb. i think that's very positive for that market. and in the u.s. here, i see employment getting better. i see clarity on the fiscal cliff next year and i see the housing market getting better around better and i think that's a positive. >> rick santelli, it wasn't just stocks rallying today. here in the u.s., europe had its best week of the year this week. the euro is at a three-week high. gold was very strong today. what's the market telling us right now? >> i think the market's telling us that there's a lot of bargain hunting and a lot of optimism towards europe. that made sense. i thin
CNBC
Nov 26, 2012 1:00pm EST
-mails the recipient a digital itunes code. gifts are currentsly just available to tens of millions of facebook's u.s. users, but will be able as gifts rolls out broadly. this bolsters facebook's retail business tapping into digital content and subscriptions which are the fastest online growing retail category. facebook won't comment on the business model but presumably facebook gets a cut and it does of course benefit when users were more engaged on the site. today facebook shares rallied on a pair of analyst upgrades. this partnership gives apple access to facebook's users securing its position as the leading music distributor as it faces new competition from the likes of microsoft's xbox music, google music and amazon's cloud player. now of course, if facebook can convince more customers to hand over their credit card information using that itunes as a lure, that's of course a good way to get them to spend more money on facebook gifts down the line. >> thank you so much, julia. >>> now the countdown is really on. no pressure. the workers are going back to the office. they're thinking they're going
CNBC
Nov 27, 2012 1:00pm EST
cities but a warning we may head into a recession next year if the u.s. and europe don't solve their fiscal messes. right now the dow industrials a built of a breather down 21 points. >>> meanwhile, 34 days to the fiscal cliff. will a deal be done in time? today, president obama meets with small business leaders to make his case for the possibility of higher taxes ahead. our washington correspondent, john harwood, is here with the very latest. hi, john. >> reporter: hi, tyler. you know, everybody is staking out public positions and trying to drive public opinion their way. the president's been doing that all week. he is doing that with his meeting at 2:30 this afternoon with small business leaders from around the country. he is later going to travel to pennsylvania to make his case publicly, part of what he is saying is that if you adopt his plan on the extension of the bush tax cuts that is for the middle class and not for people at the top that almost every small business owner is going to get a tax cut as a result of that. and republicans are staking out their own position t
CNBC
Nov 27, 2012 3:00pm EST
, of course concerns about the fiscal cliff here in the u.s. also, expectations we'll see further monetary easing in japan. all bullish for gold. taking a quick look at what happened in the energy complex. a mixed day there. crude pulling back despite some very good economic news. the dollar strength at play there as well. all of this as the december options expired. ahead of tomorrow's inventory report, which is expected to show a build in crude inventory. natural gas rebounding from yesterday's decline, which was spurred by the forecast for a warm december. back to you. >> all right, mary. thank you very much. >> all right. we've got 52 minutes before the closing bell. the dow jones industrial average off of its lows, down 55 points. the nasdaq is lower by -- fractionally lower. >> and don't look now, but just as housing is showing signs of life, congress may be taking away the mortgage interest deduction. we're going to look at that coming up here. >>> plus, congressional cliff divers we call them. we're going to hear from a democratic lawmaker who says let's just do it. let's go off th
CNBC
Nov 29, 2012 3:00pm EST
on the very, very decent and accelerating fundamentals of the u.s. economy. >> maybe, and that's just today, right, ron? >> been since last week. >> we were talking about the market really being so sensitive to any rhetoric out of washington. >> i'm not saying it's not hostage to headlines. we'll get intraday volatility. from the monday before thank giving until now, we have effectively wiped out the losses we saw post-election. >> rick, how do you see it? market complacency, too much angst, are we overthinking this? how do you read the market right now? >> i think that the low volume movements of the equity markets aren't really telling you any information. there's no way even in aggregate a market could decide what's going on in harry reid or john boehner's brain in anything is going on in begin with. if you look at treasuries overlaid on top of equities, until mr. boehner's comments, the treasuries have taken the big picture on all of this. they're not going anywhere fast. fiscal cliff is important, but there's a lot of issues for the next several years that are going to be important to
CNBC
Nov 1, 2012 4:00pm EDT
that the u.s. doesn't go into a recession? >> well, first i want to say the metaphor fiscal cliff is probably the wrong one. you step off a cliff, that's your last step. for many politicians, the real metaphor is it's a slope. they gradually go into these tax increases and spending cuts. they feel they can turn around and walk back up the slope, retroactively reverse the changes. in that circumstance, in that scenario, it creates a lot of uncertainty for businesses and for taxpayers. what will our taxes be next year? how are we going to make some plans for our business or personal finances? it's that uncertainty that's going to, i think, have adverse effects for the economy. >> okay. that makes a lot of sense. michael jones, how do you want to invest here with all this? >> i think there are times when the market is really simple. don't fight the fed. you certainly don't want to fight the fed when they've got the ecb, the bank of japan, the people's bank of china, and virtually every other central bank on their side. you've had unprecedentedly aggressive monetary stimulus. we have open-ended c
CNBC
Nov 1, 2012 5:00pm EDT
, the u.s. helping to give a boost with stocks across the board. and tech, a bright spot in today's session with notable moods. it's interesting, you go from the month of october where tech was the worst performing sector and moved into november and how quickly things changed. >> it felt like the first of the month, i'm not making light of it, i think that's a lot of what's going on. tech clear, microsoft performed well. intel to me, the most interesting one. finally catching a bounce for no apparent reason. here we are again at 1425, give or take, that was support on the way down a couple times. it's resistance on the way up. and here we are right now, my inclination is to stave this move, we'll know more in 12 to 14 hoyers from now. >> the semiconductor up 3%. it's almost as if people forgot about the forecast for the demise of the pc and said the month of november, we're going to go in, they're cheap, they're beaten down, and that's where the value is at this point. >> we've seen a big rotation trade. the most encouraging aspect of what's happened in the market over the last tw
CNBC
Nov 5, 2012 5:00pm EST
the dollar. we've had, for example, people expecting that qe would lead to a big crash in the u.s. dollar. it didn't really do that. i think part of what we're seeing in the u.s. dollar is the question mark still about europe now. you have the greek situation and the bunt coming up for a vote there, some uncertainty as to where that's going to go. so that may be weighing a bitton euro helping the dollar. i think the dollar is much more now in play with what is going on in the rest of the world, rather than a u.s. story per se. >> avery, good to talk to you. avery shenfeld. be sure to keep it locked into cnbc for all your election day coverage tomorrow. we kick it off at 5:00 p.m. >>> apple posting better than expected sales of the ipad mini. our guy adami gave a little trade school on when to buy apple stock. take a listen. >> well, i would use sort of 610 as a pivot. 610 i think a close above 610, it breaks out again towards the upside. >> all right. the stock popped today, closed above the 575 level. what do you do now? >> the low on friday was 575.75. it doesn't really matter what you
CNBC
Nov 7, 2012 12:00pm EST
, the euro u.s. dollar crosses hugely influential on u.s. stock prices. it has been for a long time and the news we heard out of germany was pretty bad and now you combine that with the fact that we're through this last earning season. and now we're going to plunge into this fiscal cliff stuff and i don't think that anyone believes it's going to be an easy compromise, even the people who think we're going to see a compromise are expecting a run of negative headlines that hits the tape day after day. that's kind of what is going on here. the game is in the obama index and is probably not going to last because selling like this tends to take down everyone in the end. >> but it's telling that that's the only area of the market that appears to be positive today, right? >> i agree. >> and what's the message of the markets today, in your opinion? >> i think that this is a focus shift. this is basically saying, look, we had a lot of tough government budget problems, tough business investor problems that we put off until after the elections and said we have some certainty and we can readdre
CNBC
Nov 13, 2012 3:00pm EST
'm going to start with you today because we see that stutter step opening in the u.s. stock market. some of that could be attributable, i guess, to the plunge in spanish ten-year yields when rumors got out that maybe spain was going to ask for a bailout from the ecb. while we obsess so much on the fiscal cliff, the markets are paying close attention to what's going on in europe, yes? >> oh, well, i don't disagree. nothing gets past you, bill. i think the fiscal cliff for lack of any tangible movement there is up and center. look at the chart bill is referring to. at one point, we were up eight basis points on the ten-year in spain. by the end of the session, down three. the following charts might put a better face on it. if to you open the chart up to about a month, you can see that rates for the most part were about a one-month high in spain. if you look at their safe harbor counterparts, the exact mirror image of lower rates. the rumor is, hey, if you build it, a bailout facility, they will come. spain may be on their way, but it's still only rumor at this point. >> steven, how much of
CNBC
Nov 14, 2012 4:00pm EST
, there is some risk there and maybe something needs to be done. but we're lumping in u.s. treasury money funds, u.s. government agency money funds, muni money funds. are we going to say they're subject to credit loss also? we have to get more specific about these major policy changes rather than throwing a blanket over an entire industry. >> great point. we're going to leave it there. you're betting on whether or not we go over the fiscal cliff this year. what do you think? >> i'm worried. >> you're frworried. >> i don't see the leadership at this point in time i'm hoping to see from the white house. >> walt, great to have you on the program. really appreciate it. walter is the president and ceo of the charles schwab corporation. >>> meanwhile, the honeywell ceo was at that fiscal cliff meeting with president obama today. it just wrapped up. he joins us now for a first-on cnbc interview from the white house. david, good to have you on the program. thank you so much for joining us. >> thanks. good to be here. >> okay. so leading up to this meeting with the president, you were skeptiabou seeing a dea
CNBC
Nov 15, 2012 12:00pm EST
for the dow. the disappointment in the walmart is the u.s. comps in expectations? >> yes. >> you own both. >> yes. i do. weekly and monthly technical charts. these are pretty different reports. i think it's really simple. let's not make it overly complicated. target beat and raised. walmart did the number. forward guidance was lackluster. they had a lot less exciting things to say qualitatively. people are lnl making the shift between the two. >> is it time to do that? walmart's had a good year. it's in the top third in terms of dow performers. time to bail on walmart and pick up target? >> walmart has some protection. before selling i would wait to see if it can hold that level. what's interesting about target is that everything they're doing strategically seems to be working. the move into canada. the store branded credit cards. the loyalty programs. they're all firing on all cylinders in every way. i like both, but if i were to buy one over the other i'd probably go with target right now because they seem to have this moment in time figured out. >> which, murph, you added to target tod
CNBC
Nov 20, 2012 9:00am EST
's going on in defense. also, regardless of the fiscal cliff there's cuts. the u.s. government is the world's biggest buyer of software associated with the running of any kind of government. that's another kind of corollary here. a big comment from a lot of people in the defense industry about that yesterday. i think they're the first company to come out and make realistic expectations of what will happen in the next couple of years. back to you. >> okay. thank you. dave cote is the head of the curve on all of this. let's shift to bonds and dollar. rick santelli at the cme group in chicago. rick? >> thank you, jim. everyone is excited about good housing numbers. everybody but the fixed income market. everybody but the equity market. i know there's an hp issue here. however, let's look at the charts. let's put up a two-day chart of tens. clearly you can see we're up about a basis point on the day. if you look on the right side of the chart and look around 8:30 eastern, you can't pick out that we had a good housing number. if you really switch this around a bit, you look at the shorter mature
CNBC
Nov 4, 2012 7:30pm EST
relatively modest in the u.s. and that's reflected in the jobs number. so this is an encouraging month but you never want to make too much out of any one month. >> i was surprised at the numbers. ed, what do you think? >> i think there are good things that each candidate can take out of it. obviously the fact that the unemployment rate ticked up is something that governor romney will emphasize, it's higher than when the president took office. that's the headline number. but i agree with austan, the fact you had 171,000 jobs this month and i would even add to that, it's not just this month, it's the trend for the past couple of months is higher, about 170,000 for the past couple of months. and that's a good sign. the one thing i would say is that while that's better than the average, the number of jobs created per month since the turnaround in early 2010 has been about 140,000 per month. this is a little bit better than that. the one disadvantage of it is that you need about 119,000 per month just to keep pace with population growth. what this means is that even with 170, you're adding
CNBC
Nov 23, 2012 12:00pm EST
. >> but the question is what your long-term outlook is. if you're betting against u.s. growth, betting against -- or betting there will be a huge issues in the coming years on these -- on the deficit issue, you may want to keep it off the table. >>> there's a third area there. i don't talk to anybody, steve or our guest, who doesn't think the u.s. can easily ramp up growth. the real discussion i don't think is the true u.s. economy. i thinkist the moguling being throw in front of it, our self-inflected issues, you know, last time around we sequestration. are we going to have sequestration 2? of course we'll put a band-aid, but we need leverage to have reform predicated to surrender on the band-aid. >>> we've got to go, guys. i've got to go with this. we've got to move on. this is the last hour of trading, so we've got to move here. thank you for your thoughts today. steve, thank you, you're voting on a committee of politicians. i find hope in that somehow. >> yeah. you're in the hopeful camp. >> hoping at the last moment they will do the right thing. >> was that a pig that just flew by? the ma
CNBC
Nov 7, 2012 6:00pm EST
to fill their landfills up. >> we have 11 landfills in north america, two in canada, nine here in the u.s. a lot of that volume that we're getting into our landfills in the u.s. is from the oil and gas place, quite frankly. so our raeal focus to deal with drill cuttings, a lot of the drilling muds, processing waste on these drill sites. but we're also -- i would actively pursue remediation projects. large events or projects that are taking super-fund related clean up. that's a steady kind of business that we're working on. we continue to see that volume or business continue to be pretty steady and growing. >> as a staff at cnbc, we're really focused on the fiscal cliff. i know people are tired of hearing that term, but it's huge. is there super fund money that's cut dramatically because of this sequestrati sequestration? >> you know, the super fund hasn't really been reauthorized for years. the amount of money that's being spent directly by the government is really small. what we're working for are these prp groups, these responsible parties where they've collected moneys from people that
CNBC
Nov 13, 2012 6:00am EST
cuts that threaten to send the u.s. almost off a fiscal cliff. a sum met set for friday. i like the "new york times." democrats like a romney idea. >> did you see paul ryan's comment? >> no. but i got my button back on because i'm -- i'm going to tell that you rise above is kind of like a rorschach thing. because for me, rise above means democrats rising above the obsession with rates and realizing broadening the bates is better -- >> it means coming together. >> that is a way of coming together. you're raising revenue. your only way is if the republicans say yes -- >> no, that is not true. my way is anyway you come up with an agreement is a great way. you're only looking from one side of the aisle. >> but they'll never agree to raising rates about sfw. >> i will give you that it is a error sha rorschach test, but i want you to actually cut some things and i want you to deal with expenditures. >> you have the same house that said no to 39.6 on the high he said. but a way of raising revenue will spur growth -- they're coming around to the correct version right here. >> what about
CNBC
Nov 5, 2012 6:00am EST
. it is all about the u.s. this week. the tone for the most part has been negative this morning as you can judge from the red behind me. yes the uk pmi data came in weak, points to the country potentially in contraction territory despite the better gdp figures. some concern about greece. investors seem to be standing on the sidelines until a lot of these issues are resolved or at least there's more clarity. this follows reports over the weekend that some of the ways in which spanish banks borrow at cheap rates may not have been legal. the ecb says it's exploring the issue. one of the companies weighing on the foot city, hsbc which has said it is provisioning $1.5 billion against the laundering charges. group profit slightly disappointed investors. shares down 1.4% as a result the there. but that's really it in terms of the major corporate news. ubs going through a bit of a shake up. the bond wall expresses more of the mood we're seeing on the eve of the u.s. elections here. it's a rotation out of the periphery into the core. the gilts are benefiting. spain, italy seeing yields a little hig
CNBC
Nov 5, 2012 9:00am EST
's number two. third one of course is u.s. election. this is where some of the problems is. have you noticed german bonds today moving on the upside rather aggressively. u.s. bonds moving on the upside. that's all this stalemate concerns out here. that's all i heard this morning. that's all i heard over the weekend. the likely outcome is a stalemate no matter who wins on the fiscal cliff. obama will have to compromise. romney will have to compromise. what's the best hope for the industry and business right now? best hope is a last-minute deal to postpone tax cuts for yet another year, which could in fact go into the first quarter of negotiations. some of the people are more optimistic it will happen before that. some are not. that's why we get bonds moving to the upside right now. jim, i noticed that you mentioned the deal this morning with kbw. it's a symptom of what's going on in the friday overall. this was the big topic of the day. those who didn't hear, they are buying kbw for no premium. we're talking 6% premium. the stock was 16. offering 17 and change. that's no premium out there. th
CNBC
Nov 21, 2012 3:00pm EST
, it really wasn't. as a i talk, you can look at ten-year for every major developed economy. the u.s., the germans, the french, the u.k., the japanese. month to date, the patterns are almost all die dent call. with all these variables, elections, mideast, fiscal cliff, it seems as though there's only so much flight to safety bid you can push into the marketplace. some traders say that's why you didn't notice. in the old days, it would make a difference. yields are already most accommodative from a nervousness standpoint. i will tell you it was the number one conversation. and even though it really isn't about oil, that's the market everybody is trading to of course kind of play the headlines. >> michael, how about you? how does this impact the way you're allocating capital? >> well, as you know, our strategy is about 45% in cash while the prefunctory -- what we'll have left to boost us higher. i think the market does go higher. here's why. you have $85 billion each month from the federal reserve as far as balance sheet expansion. you have negative real interest rates that will be get
CNBC
Nov 22, 2012 1:00pm EST
for major u.s. banks. and your previous experience in banking? >> none. [ticking] >> it started out as a mortgage crisis. then it slowly evolved into a credit crisis. now it's something entirely different and much more serious. >> this is a full-blown financial storm and one that comes around perhaps one every 50 or 100 years. this is the real thing. >> and much of what went wrong on wall street could be traced back to something called "credit default swaps." they were traded in a risky shadow market, and they were at the heart of the financial meltdown. [ticking] >> it has tentacles as wide as anything i've seen. i think, next to housing, this is the single most important issue in the united states and certainly the largest threat to the u.s. economy. >> meredith whitney was talking back in 2010 about a then- looming financial crisis involving state and local governments across the country. it was a debt crisis which some people believe could derail the recovery and require another big bailout package that no one in washington wants to talk about. >> the day of reckoning has arrive
CNBC
Nov 26, 2012 4:00pm EST
. >>> clicks and profits, u.s. consumers are expected to spend at least $1.5 billion on this cyber monday. we'll run through the cyber winners and losers next. >>> here's another number. $5 billion, that's how much americans are expected to spend on christmas gifts for their pets this year. we'll talk to petsmart ceo in a cnbc exclusive about his company's share of this huge holiday booty coming up. >>> plus, flu shot or your job? 150 employees getting canned the day before thanksgiving for refusing to get flu shots. is that legal? stay with us. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. the potential of yelp unlocked. nyse euronext. unlocking the world's poten
CNBC
Nov 28, 2012 5:00pm EST
a big exodus in stocks. $9 billion flowed out of u.s. equities last week, the biggest outflow this year matched only by the week before the presidential election. so is this rational behavior? or perhaps a lost opportunity here? and it's important to see where the inflows were too. the biggest inflows were to money market funds. and that is -- >> that's rash -- >> yeah, just go to cash. i'm cashing out. >> they may be costing you money to put your money in the mutual funds. and this is the problem because monetary policy has gotten in the way of fiscal policy. and in fact, if you look at today's market. today was all about monetary policy reversing course of the s&p when, in fact, all we should be talking about is fiscal policy and we can't get anything done. >> doesn't it stand to the point of how desperate people are to hold on to their cash? it mean, we've seen this. there's always a reason to wait, always a reason to stop trading, always a reason to move to the sidelines. and you keep getting them time after time after time. you have the election, you have fiscal cliff, you have tax
CNBC
Nov 5, 2012 3:00pm EST
. this isn't issue number one for the u.s. economic recovery has been unsatisfying. that's one area where wall street is hoping that's the way it would go under a romney president and probably will go that way. >> what about taxes? let's go through the two plans on taxes. this is one of the more important yishdz for wall street, whether it's capital gains taxes, dividend taxes, ordinary income. let's define each side here. todd? >> well, look, romney's been very -- he wants a tax-friendly environment, maria. he's been vocal about that. i mean, that's just the culture of the gop. but then these guys are the odd couple. you have president obama who clearly is talking about higher taxes for the upper class and also thinking, have you to look at those other taxes, health care taxes, for example, that will impact the middle class. you have a romney presidency, you can only assume we have will have a cut in taxes but we need to resolve this fiscal cliff issue. it's not just resolving the fiscal cliff, it's also a long-term plan up. don't want to have to go through this every 12 months, talk abo
CNBC
Nov 6, 2012 11:00pm EST
? >> i'm, today, tomorrow -- today here, tomorrow there -- i'm going to short more bonds, more u.s. government bonds. i'm going to buy more commodities, buy metals, base metals and precious metals. looks to me like the money printing is going to run amok now. and the spending is going to run amok now. again, larry, i'm not saying this is good for the world, it's not good for anybody. this is what's going to go on. i have to invest based on what's happening, not on what i would like. >> mr. rodgers, rick santelli here. what about europe? i don't disagree with your notion you want to sell treasuries. i do disagree treasuries were moving to the downside because of a barack win. most of the traders in chicago were definitely thinking mitt was going to win. they were buying puts on the treasuries. they were buying calls on the s&ps. my question to you is pure and simple. the world is lending us money at rates much too cheap. i wouldn't lend uncle sam my money for ten years for 170 basis points but the european issue continues to push more investors into treasuries. when do you think tha
CNBC
Nov 7, 2012 3:00pm EST
no time on this issue today. fitch saying the u.s. needs to fix that debt threat and moody's says it's going to wait before taking any action and maintain its negative outlook on the u.s. economy. one thing is for sure. the stock market is taking the fiscal cliff very seriously. the blue chip average is off the lows but still down sharply at one time today, the dow was down about 369 points. first time we've seen that big of a decline since november 21st of last year. off the lows rights now, the dow down 260 points at 12,985. the nasdaq is down 63 points, a more than 2% decline at 2947. the s&p at this hour is down 28 points right at 1400. let's break down what's behind today's dramatic decline in stocks in today's "closing bell" exchange. we welcome back michael pento, kwint tatro, jeff sika, and our own rick santelli. quint, you believe the market was going to go down either way. why? >> i do. i think this was long overdue. we have been propped up with some incertauncertainty. it's kept the market saying, are we going to get a change? it didn't matter who won. we've been facing pr
CNBC
Nov 7, 2012 5:00pm EST
in the form of u.s. bank corps, down 3.5% today, if you want to trade, bank of america helps on the upside, which i don't think we will be seeing a lot of in the foreseeable future. >> banks, like other sectors, live in this very bad place, they see huge gapes this year, people want to lock in the gains at 2012 tax rates and the dividend growth aspect that you mentioned, tim, essentially gone away. financials are like that pharma is like that telecom is like that. all in this category where there was dividend growth, dividend yield and big gains so far this year. >> particularly with the financeal, short xlf, shorted it a couple weeks back, such of a run-up in there too much for net interest margins declining, potential for regulatory issues, for the capital markets, business dying. so you get that and today with the elizabeth warren election that has every not be financial area wondering what is their business going to look like. had ubs to close down their investment banking division, fixed income area, really seeing this restructuring, not much where is a bank going to make money the ne
CNBC
Nov 8, 2012 7:00pm EST
.com. >>> breaking news on an iranian fighter plane attacking a u.s. drone. it happened before election day. why are we just learning about this now? today? >>> but before we go to break, don't forget free market capitalism is the best path to prosperi prosperity. maybe there is going to be some progress in washington. i have an open mind. i'm kudlow. we'll be right back. [ female announcer ] want to spend less and retire with more? at e-trade, our free online tools and retirement specialists can help you build a personalized plan and execute it with a wide range of low cost investments. get a great plan and low cost investments at e-trade. >>> we are more breaking news tonight. u.s. defense officials confirm today that iranian fighter planes fired and missed at a u.s. drone. that was just days before election day. so why are we learning about it mow for the first time? joining me, syndicated radio talk show host, john bachelor. >> good evening, larry. >> good evening. they fired at one of our unmanned drones. why didn't we fire back? why didn't we take some retaliatory action? are we just patsy
CNBC
Nov 13, 2012 12:00pm EST
higher, the u.s. dollar is pulling back, and the vix is acting incredibly benign. and i just disagree with what josh just said. i think apple's performing well better than the overall market today. i think if you look at ibm, the ibm story is clearly in tact. the most diversified tech story there is, outperforming the market today. i think there is opportunity in the tech space, unless you believe this is '08 all over again. >> all right. coming up on the half, one home improvement company spiking to its highest level in more than a decade. but is there still more room to the upside. >>> plus, ron johnson and now her shing square's big ackman have made their cases for jcpenney, but should you buying this start-up story? more "halftime" is straight ahead. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the
CNBC
Nov 14, 2012 3:00pm EST
of a nearly 5% selloff just since the election. so you say there's opportunities in the u.s. what are you hearing from your companies in terms of how they're going to adjust their business? >> well, i think, you know, that's one of the reasons that unemployment still remains high in the united states. we have uncertainty in tax policy. we have uncertainty in regulatory policies. so if you take from the first quarter of 2009 to the current date, revenue growth in the united states has been 35%. greater than it was between 1990 and 2007. >> right. >> that should have translated into 30,000 more jobs per month during this period of time. but it hasn't because business hasn't been willing to go out and hire people, bring full-time people on board because they don't know what the laws that are going to govern them from a regulatory standpoint, and they don't know what tax policy is going to be. >> why would you add heads to the payroll when you have no clarity on what your tax rate is going to be. what fees are involved in those agencies. >> right. >> so that's the issue. so would you be poise
CNBC
Nov 14, 2012 7:00pm EST
u.s. responses were in realtime to that situation. he has testified on the hill before, but this will be the first chance for lawmakers to talk to him since the sex scandal erupted. and obviously that's one that people are going to be watching very closely. but it will be behind closed doors. so we will not see him on camera tomorrow, larry. >> no, but it will leak out. the leaks will be great fun. eamon, i just want to ask you one thing. the president got all heated up about susan rice. but susan rice sold a story with the video and the spontaneous demonstration. that was subsequently proven not credible. in fact, it was proven not credible even before she started selling it. and mr. obama still has not dealt with that part of the story. how did she get that story? why did she sell it? and why did he sell it when he knew it wasn't credible? >> well, what the president did today, larry, was he linked himself politically welch with susan race. he hitched his wagon to hers in a political sense, and the president saying, look, if you're going to go after her, you're going
CNBC
Nov 14, 2012 9:00am EST
not only surprises the street with a beat but says the u.s. enterprise business is showing signs of improvement. >>> and abercrombie silences the shorts. >> the president is scheduled to meet with a dozen ceos this afternoon to hear their concerns about looming tax increases and spending cuts. 73% of participants in a "wall street journal" ceo council conference said the fiscal cliff is their primary concern. goldman chairman and ceo lloyd blankfein talking about the importance of avoiding the fiscal cliff. he writes there's more than a trillion dollars of cash that is sitting on the balance sheets of u.s. nonfinancial companies with certainty about tax rates, companies will increase their capital expenditures currently at anemic levels contributing to a virtuous cycle of jobs and growth." if there was a disagreement as to whether this is becoming a mainstream story. story of "usa today," a giant cliff and inside a chart of how it will affect people. this is getting real. >> the editor of "usa today" is the single best print journalist going today. he understands what the pulse i
CNBC
Nov 9, 2012 6:00am EST
is saying the u.s. economy is strengthening. but he's cautioning that leaders must tackle the looming fiscal cliff. a conversation we can't get away from. speaking in missouri yesterday, bullard also says he doubts the central bank will extend a bond maturity extension program that expires at the end of the year. bullard is not currently a voting member, but he will ebb in 2013. and china's national congress continues with new leaders for the communist party set to be named later this morning. today a rising star said the party is moving towards requiring officials to their their assets. so an interesting piece in the chinese business press this morning. >> we have been talking about the fiscal cliff and -- >> we have? >> and yesterday somebody tweeted a new drinking game. every time they say fiscal cliff, you drink. they're right, but it's absolutely what matters. >> look at the stock market. did you see today what it's going to do? >> down again. >> it was down over 100 yesterday and it couldn't hold up. supposed to be up 70 when were watching yesterday morning. indicated down again. and i
CNBC
Nov 20, 2012 6:00am EST
forces claiming to have targeted 100 gaza sites. the u.s. secretary of state hillary clinton is on her way to the middle east for talks with officials in a bid to try to end the deadly crisis. we've been watching oil prices, as well. and after sharp gains yesterday, you can see oil prices pulling back about 27 cents, still just about $89 for wti crude. we will have a live report from our nbc colleagues on the ground in the middle east coming up in the next half hour. >>> let's talk about some of the main market events of the morning. actually today fed chairman ben bernanke's speech at the economics sclub of new york is coming up at 12:15 eastern time. traders will be listening no any comments on the central bank's operation twist program and discussions about changing how the fed communicates about interest rates. operation twist expires next month. and there is some speculation the fed will continue making asset purchases by expanding the size of its $40 billion a month quantitate of it easing program. also on the economic agenda today, october housing starts released at 8:30 a.m. an
CNBC
Nov 13, 2012 9:00am EST
signs of recovery in if the housing market. jim, 4.2 on global comps. 4.3 in the u.s. frank referring to what he calls a healing in the u.s. housing market. >> he's remarkable. he's correctly been negative when it was right to be negative. he's now positive. i was most concerned that this company would have a big dip right here because there's a lot of companies that are reporting that the last few weeks have been bad because of sappndy. didn't skip a beat. stock was down after a series of headlines that misinterpreted the charge. this one could be off to the races. >> what's interesting about home depot, they didn't outline sandy impact because it would be the pull forward in terms of sales in preparation for the hurricane but the books did close prior to sandy so full impact of sandy won't be felt. color expected on the conference call but that could be a key driver going into the last quarter of the year. metrics on the quarter were good. best ticket growth in four years in terms of ticket size. average ticket 54.50. up 2.9% year on year. even below the surface the numbers were rea
CNBC
Nov 16, 2012 11:00pm EST
to pull back, u.s. rebuilds kuwait. you had to believe he would do something rational like that. did saddam think he could beat the united states in a war? many thought he was actually a rational human being who would reach the conclusion that couldn't happen. oops. fast forward 22 years. today we saw similar fears by the the current crop of short sellers. you could hear their thoughts like mine in 1990. what happens if they do something rational? s what if they start caring about all the people forced out of work immediately or have to pay far more in taxes? what happens if they actually rise above? those concerns caused people to cover their short positions betting that the consequences of going over the cliff were unthinkable, as what saddam would face if he had to go to war with the united states. of course it turns out there never was any deal back then and we had to go to war, we won and that was it. markets bottomed because the decline compensated for the war already unless we would have lost it. we didn't know the outcome or how long it would take at the time we knew whenever
CNBC
Nov 19, 2012 5:00pm EST
decline in gdp. let's fix it. >> i have a great voice. i think out of all of them to me u.s. bank corp is the most stable one. if you had to pick one of the banks for the people playing our home game which do you go with? >> bb&t. i think it is a well managed company. they were off by 5% or so. they had some fundamental issues but got really overplayed here in the down fall. probably 200 to 300 basis points as we come to the conclusion that the fiscal cliff is not going to happen. >> is 23% enough that it makes sense why people are selling off the dividend paying stocks or is that a level that you say on this selloff i am ready to buy? >> so that is a great question and brings in a different area. everybody is saying lops there is weakness in there and under performing the market. that is tax policy reform. that is not happening until next year. the weakness today is unrelated to reform. and i say in the mortgage reach you see the same activity. we don't think the tax structure or code changes for those pieces materially. >> thanks for coming by. we appreciate it. >>> the stocks were o
CNBC
Nov 21, 2012 5:00pm EST
downgrade of u.s. debt. they already said that headline last week. we know if it is a short gain we are going to see -- >> if the short game improves a big down payment on the trillion plus that could be enough to stave off s&p for now. >> one an s&p downgrade really wouldn't be that big of a factor. there is a shortage of relatively safe assets. if you think the u.s. is going to default there are several other countries that are first in line. >> last time we had the downgrade you saw the s&p fall off a cliff. it fell off before it. >> everybody knows that. everybody is expecting it. it is already in there. and especially since you have japan with the issues. people are looking for safe assets. china and japan are no longer buying. there is definitely demand. i'm not saying that they go to half a percent. i would be concerned about the fiscal cliff. >> and the feds shown that they have a lot of demand. >> whether it is deal or no deal let's bing in chief economist and strategist. good to see you. >> thanks for having me on. >> it is hard to believe there is a fiscal cliff proof por
CNBC
Nov 23, 2012 6:00am EST
us a lot about the state of the consumer and the u.s. economy today. so we're turning to one of the most seasoned and respected voices on wall street for help. we have dana telsey. she is our guest host for the next three hours. andrew, i'll send it over to you. >> we begin with a visit to toyland and here is toys r us. it opened its doors at 8:00 last night. and we have toys r us ceo joining us right now from the company's flagship store in times square. good morning. >> good morning. >> so i read a report you you had a big line. what's it been like all evening? >> it's been great. we did have a big line. we're at 44th and broadway.line went all the the way to 45th street and then down 45th all the way to 6th avenue. it was huge. people came in in a real celebratory mood. people ate ice cream, relaxed with their kids. i've never seen a black friday like this before, but 8:00 hour worked really well for families. >> let's talk about sales. how did it go overnight? >> we're just starting. this is 5:00 a.m. on black friday morning. we're really just starting. we have about a b.
CNBC
Nov 27, 2012 6:00am EST
to go follow the united states while it lobbies for a reconsideration of the u.s. stance. the delay could push back the start of basel iii by about six months. the law was mepts ant to be pha in by the start of 2013. >> archstone was not part of the zell asset, was it? >> i feel like zell was related to it. >> but he sold right at the top. so that was part of the problem. it wasn't just a total lack of due diligence. i mean, everything was valued hire when archstone was first sold, right? >> yes. but as i'm looking at this, no, sam zell i do not believe was involved. >> that was the equity office and -- >> and then blab stone. but blackstone even though they bought at the top figured out a way to then sell pieces of it very, very quickly. and they did very well. >> entrade is no longer accepting u.s. customers citing legal and regulatory pressures. that announcement coming hours after the u.s. commodities regulators sued the exchange's owner alleging that it allowed unauthorized trading by u.s. customers, u.s. customers must close their accounts and withdrawal all funds by the end o
CNBC
Nov 1, 2012 6:00pm EDT
that the u.s. matters. but let me use this rally today to help you understand the world of expectations. not reality. not reality at all. but expectations. >> house of pleasure. >> and how do expectations matter so much more than what has already happened? we're in the midst of earnings season. the bulk of technology reports are already reported. the first was that the united states was holding its own. maybe getting a little better. power behind consumer spend. the fiscal cliff looming but still the positive. second is that europe's a disaster and the most important thing you can do is distance yourself from the continent. ask companies like alcoa and ford. the third, that china had become a big disappointment. yeah, china. and it wupt going to turn around any time soon. certainly not in time to help 2012. this came from a decline in orders. they all articulated as such on a recent conference call. companies that have been optimistic that china was about to turn, that the growth was about to kick in collectively seemed to give up all at once on the clos sus. nobody had been more upbeat
CSPAN
Nov 6, 2012 10:00pm EST
, and i think we think it's more likely than not that democrats will gain seats in the u.s. senate. that was unthinkable six months ago. it's going to lead to real recriminations inside the republican party about who made these mistakes and getting these candidates and failing to get people like todd akin out of these races and get electable republicans into these races that they have to be able to win. >> if you look at senate republicans other the last four cycles, they've been pummeled. in 2006 democrats weren't supposed to pick up the senate, they did. in 2008 they expanded to a 60-seat majority, they were able to get health care done as a result of the pickup that they had. in 2010 you had republicans have an opportunity to pick up the senate, they fell short. and now again a huge opportunity this year to pick up the senate, and it looks like they might actually fall backwards because of these races you're talking about, massachusetts, indiana and missouri. i think one of the things that we've learned over the last couple of cycles is when republicans talk about the economy as
CNBC
Nov 19, 2012 4:00pm EST
world. very selectivity. >> where are you finding them? >> u.s.-based companies. i'm looking for companies whose primary operations are in the u.s. as opposed to emerging markets xhshgs is how i felt for the last few years. i think sectors such as pharma, specialty and big pharma, i think reit sector is very interesting because they can take advantage of the low treasury rates, and i think in the tech space there are a few opportunities but very selective to a handful of companies. >> i'm going to look at you here, joe. bellwether stocks and what they say about the nature of the market. years ago ibm was the bellwether stock. for years general electric, our former parent company, was the bellwether. now apple is with this huge rally today. i know you're a little skeptical about what this rally's employ tod -- about today. but do you follow it? >> i think everybody will agree on the cause but it's the longevity is where i take issue. apple will remain a proxy just because it has, obviously, enormous cash hoard. people are talking about what the dividend will look like. is that
CNBC
Nov 21, 2012 1:00pm EST
time, 2:00 p.m. eastern time here in the u.s. the deal announced by the egyptian leader, mohamed morsi, and secretary of state hillary clinton. it was later confirmed by israeli president benjamin netanyahu. comes just hours after a bomb blew up on a bus in the heart of tel aviv. dozens were injured. so far no claim of responsibility but hamas called it a blessed event. within the last few hours, israeli air strikes continued in gaza. this is video of secondary explosions when an hamas weapons depot was hit. michelle caruso-cabrera, our chief foreign correspondent is watching reaction at the nyse. michelle? >> that pushed the dow to the highs of the session. the announcement of the cease-fire got us another 25 points. we have come off the highs, 12,839 is where the dow stands right now, higher by more than 50 points, .4%. president obama reportedly just spoke with israel's prime minister benjamin netanyahu. john harwood joins us now. john, what can you tell us? the white house had a lot at stake here by sending hillary clinton to try to get this resolved. >> reporter: absolutely. and t
CNBC
Nov 21, 2012 4:00pm EST
that are interested. and we have financial players that are interested. we have international interests as well as u.s. and domestic. >> i'm not sure if you heard the last interview, but we spoke with one of your union members from the bakers union. he basically said, look, you can't negotiate with terrorists, and they were stealing our pension. in retrospect, was there an area where you could have given to keep some of these union members happier? >> well, you know, it's interesting. i think, you know, i came on board in february after the bankruptcy filing to try to get the company out. and i would readily admit, i think there's a lot of bad history here and a lot of places to point the finger for blame. i don't spend a lot of time doing that because that's sort of like bayonetting the dead in the battlefield. if i could look back, i would say i think there were management mistakes. i think there were union mistakes. as a turnaround guy, i think it should have been done prefiling. these parties negotiated all last year and never got anywhere. i think in retrospect, you could always do different thin
CNBC
Nov 26, 2012 12:00pm EST
, accused of pulling off the biggest insider trading scheme in u.s. history. we'll get back to that as soon as we get those pictures in. but obviously we're having a little bit of difficulty doing that. stephanie link, didn't mean to interrupt you. finish your thought. >> no problem. i was just saying the third quarter was much better than the second quarter. and if you look at revenues and advertising and look at payments, they all grew double digits and beat expectations. if you look at mobile ad revenues coming out of the third quarter that are revenue run rate of $1 billion. that legitimatizes the mobile monetization situation, which was the key issue for everybody in this ipo. stocks trading at about 35 times forward estimates, growing earnings about 37%. i think the valuation is attractive particularly given the stock has come down quite a bit. >> you bring up an interesting point. and herb, you called it great for a trade. stephanie link said a good investment. why only good for a trade? >> well, we don't know what the long-term is here. i think she's making the bet that a good inves
CNBC
Nov 26, 2012 3:00pm EST
five years despite getting to the size where it will be around a top ten retailer in the u.s. this year. it's a huge company growing at a fast pace. as you heard the stories of tablets gaining market share and smartphones becoming a way to shop, we're in the early innings of internet taking share from brick and mortar. >> i know you're not stock pickers, per se, but who do you see out there that's doing a good job of handling cyber retail these days? >> i don't think there's any question amazon has the winner. it almost doesn't even matter. you asked about profitability and margins. it's almost irrelevant whether they'll have higher margins or not this year because what they're looking for is market share. they're looking for that wallet share. they want to make sure the consumer is spending money with amazon and not with anybody else. and they have other ways to make money, the marketplace. >> at some point they have to worry about that. but i get your point. who's a winner and loser when it comes to doing cyber sales well? >> i don't see any losers. i think most of the retailers are w
CNBC
Nov 26, 2012 11:00pm EST
. they were some of the best actors out there. good news for europe, still good news for the international u.s. banks. they went up, too. jp morgan, goldman sachs. retail. we got terrific news on friday. initial returns from that black thursday which used to be black friday, tremendous. we found out that walmart was forecasting the biggest pre-holiday buying ever, with $1 billion a day in sales. they ought to know, they weren't alone. finally there's washington. we headed into the weekend with lots of talk. lots of talk about good feelings. good feelings over possible deal to avert the fiscal cliff. republicans seem to be breaking ranks with the hardliners. talk about maybe raising revenues if the democrats will be willing to do meaningful entitlement reform. that positive tone, the rising above, helped move up the futures right into the bell. who wanted to be short ahead of a weekend deal? what a difference a day makes. this morning we come in, what are they chattering about? greece. greece. can you believe greece? it's standing in the way of a european deal again. this small country with no
CNBC
Nov 30, 2012 1:00pm EST
allow the u.s. economy to fall off the fiscal cliff, 2 million jobs will be lost. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd
CNBC
Oct 31, 2012 11:00pm EDT
bell, it was music to our ears and i loved it. i think it also began a drum beat for the u.s. economy as well. as tragic has sandy has been, the rebuild will include many on its back. jobs coming. "mad money" will be right back. >>> coming up, earnings alert. wall street's back online and cramer's got earnings season covered with an all-star lineup you can't afford to miss. industrial giant eaton fresh off its quarterly report. then, the ceo of apparel maker pvh soaring over 20% after news of a big acquisition. plus, the ceo of annie's. after falling from its highs, is it ready to run again? and tanger outlets ceo ahead of the holiday rush. this jam-packed edition of "mad money" is just ahead. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to reliev
CNBC
Nov 2, 2012 1:00pm EDT
. the jones act states that only u.s. flagships can carry goods from one u.s. port to another. now it is suspended non-u.s. flagships can also help bring petroleum products to areas where they are needed. of course it will take a while still for long gasoline lines to get shorter. for days now drivers throughout the new york area have had a very hard time getting gasoline. lines are sometimes half a mile long. >>> bertha coombs is on a tug in the harbor right now. that's going to be instrumental in getting more gasoline. >>> but first, kate kelly has more on the port situation in bayonne, new jersey. kate? >> reporter: thanks so much, michelle. we're here right in new york harbor where things today are slowly coming back to life after nearly a week in which this harbor was closed to marine vessels coming in and out. yesterday the coast guard opened this harbor for the first time in nearly a week. the port of new york and new jersey to boats with a special aim in mind, bringing gasoline and diesel to the city for much needed replenishment of empty fuel stations. there was an unflux
CNBC
Nov 2, 2012 4:00pm EDT
performance in the quarter. >> what are you seeing in market demand globally? sales increased in the u.s. and abroad. are you seeing a stronger global story today? >> we are. about 2/3 of our business is in latin america. most of the latin american countries in the mid-single digits. we see better category growth in general. category growth in the u.s. is picking up, however. we saw about almost 1.5% to 2% category growth in the u.s. that's a big reversal from where it was two years ago where it was down 2%. we're starting to see the consumer stabilize in the u.s. we're certainly seeing better growth in latin america in particular. >> let me ask you about the implications of hurricane sandy. first off, these gas lines in new york. the story has been just horrible with people unable to get gasoline because these gas stations do not have power. has this impacted your business? >> it hasn't yet, maria. we have one major manufacturing facility in the path of the storm. that was in aberdeen, maryland. our folk there is had the plant shut down for about 24 hours from midday monday to midday tu
CNBC
Nov 5, 2012 1:00pm EST
the costliest u.s. catastrophes. forecasting a cost between $10 billion and $20 billion worth of insured losses. the final tally impacted by, among other things, power in the transportation grids. as for the insurance industry with over $500 billion in capital it can pay expected claims. at last year's premium increases and a decline in catastrophe claims bulked up their profile. deutsche bank claims it could trim earnings by 36% but it could also help insurers later giving them cover to raise premiums. back to you. >>> sandynjrelief fund.org. mary pat christie is on the news line with us right now. welcome. good to have you with us. >> thanks, tyler. >> at some risk, i ask how are you and the christie family holding up? your husband and you have both then tireless this last week. gout to be pretty tired these days? >> we're doing pretty well. it's all relative, right, tyler? we don't have power yet but hopeful that we will soon. i'm also hopeful that our children get to go back to school tomorrow. >> we're in the same boat and expected to go back to school in my town montclair some time on wed
CNBC
Nov 5, 2012 4:00pm EST
softer condition and background in europe politically. and i think improving conditions here in the u.s. for the consumer and for manufacturing and for gdp in general. our general background is pretty positive. >> great points there. sandy, what about you? you say regardless of who wins the election, the fiscal cliff would be either downsized or deferred. what does that mean? >> well, i think downsizing is more likely. have you to factor in the hurricane as well because that's going to be a half a percentage point decline as well, coupled with, you need to get that fiscal cliff down to 1% or maybe 0.5%. i think the downsizing has to be pretty substantial. they're either going to have to defer it to the new congress and either a new administration or the existing one, but they've got to get it downsized pretty substantially pretty quickly. and it's going to require, because of that gridlock we're going to have again, a bipartisan concurrence. that's going to be the test in 2013. >> chris, what do you think? how do you want to invest with $1.5 billion under management, how are you allocat
CNBC
Nov 6, 2012 7:00pm EST
of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back. we want to show you the very latest. what you're looking at here is virginia. the polls have closed but nbc news is saying it is too close to call. also, florida, some polls have closed. all of the polls will close at the top of the hour. but what we see here as you can see, some polls have closed and so far we are really in a neck and neck situation in florida. all of those polls will close at the top of the hour. every house seat as well up for grabs and more than 30 senate races as well. >> and whoever wins the white house will have to work with this group to solve some big fiscal issues in this country. amman jabbers is watching the balance of power tonight. >> hi. well election night has
CNBC
Nov 7, 2012 4:00pm EST
thing that's changed a little bit is the u.s. has to take its tough medicine. tough medicine is we have to deal with issues like austerity and budgets and taxes. that's what europe has gone through the last three or four years. my guess is going forward this is the opportunity for europe to outshine the u.s. not that the u.s. will be a bad place to be, but incrementally, i think europe really looks good post-election. >> europe is going to outshine the u.s., huh? >> only because people are expecting such terrible things out of europe that when you expect terrible and you get, you know, so-so, that's an upside surprise any way you look at it. >> all right. we'll leave it there. gentlemen, thank you very much. we'll keep watching both those stories. let's get to john fort. he just spoke with the qualcomm ceo on the heels of their earnings report. let's find out what he has to say. john, over to you. >> maria, you already mentioned the headline numbers. i want to focus on guidance and a bit of color. that might change the way people are thinking about some elements of technology, and parti
CNBC
Nov 9, 2012 9:00am EST
is not struck by the end. year, the u.s. economy would head back into recession, contract by half a percent in 2013. president is scheduled to make remarks on the cliff at 1 p.m. time. speaker boehner will address us. can the president say anything to make this whole week look like a dream? >> that's a tough one. what our lalt friend mark haines used to talk about, we need a capitulation, we need the answer, no, are you kidding? there was a congressman on "squawk" this morning say, yes, don't worry about it. when i hear that i say, no, it's not going to happen. we have to have them worry, as worried as we are. i still see this kind of grover norquist run republican party which would rather not have a tax increase and take the tit titanic down in the name of the country. >> viewers will say, wasn't wednesday a woosh? what qualifies a woosh at this point? in terms of the signs we've seen, isn't that qualified as a woosh. >> you open down and rally between 12 and 1. you get the 10 to 1 ratio. i'm just quoting mark haines. if you saw 20 to 1, you would say, you need to buy it. i need to see hai
CNBC
Nov 12, 2012 11:00pm EST
is considering shipping some of their u.s. shale gas assets to asia. with the current push for energy independence in the u.s., would that even pass regulatory muster and what impact would that have on the stock price? >> a lot of people are feeling that epa will make it so that the only one that can export from here is cheniere lng. i don't think you'll be able to export. i think the government will stop it. tom in new york? tom? >> caller: boo-yah, jim, from new york. >> good to have you. >> caller: i've been hearing so much about true religion. where do you think they're headed? >> it's happening. you have to be on to the next one. that is for real. i'm looking for the next takeover play. but only one that has good fundamentals. how about charlie in washington state? charlie? [ busy tone ] >> wow, charlie sounds like one of those eagles plays i called in yesterday. yeah, it was my fault. the fiscal cliff is clouding judgment and overshadowing good investment opportunities. we have to keep the pressure on. and then we can go back to saving for our kids and retirement. "mad money" wi
CNBC
Nov 14, 2012 6:00pm EST
year the universal fear was that the u.s. debt would be downgraded. you know the moody's and s&p thing. talk about a friengt unknown. i remember be at eagles training cam np lehigh and the players were all worried about are u.s. government bonds coming under pressure from our government's profligacy. they're worried about the moody's and s.e.c. downgrades. wrong on two counts. first, they should have been far more worried about their performance on the field. [ rimshot ] and second, interest rates actually went down and they went down very big. so worry completely misplaced. totally misplaced. now got the picture. big scare after stocks went down initially but then after a decline similar to the one we're having now we began to see stocks stabilized. which ones stopped going down first? that's what we've got to figure out. there are curious pictures of stocks that do well in a recession and stocks that had gotten down to where their yields were very competitive against prevailing irpt rates. it's true if the fiscal cliff is not bridged your after tax dividend yield will be less than yo
CNBC
Nov 16, 2012 4:00pm EST
that is a point of view, i think that assumes they really don't tackle the fiscal deficit. i think the u.s. economy, there's so much money on the sidelines, both in business and retail investors. it wouldn't take much positive momentum. i don't think the bar is that high that people -- you know, they really want to get back to business. i think -- >> but we just have to accept less than we would have gotten historically. >> oh, absolutely. i think right now it's still going to be a long, slow recovery. i don't think it's going to magically come back and shoot and a everything is going to go. it still will be a long, slow recovery. we've come to a difficult crisis. it's a financial crisis. they take time to heal. right now it's about confidence. we really need that leadership and some kind of sentiment in a direction will be helpful. >> real quick, maria bartiromo was speaking with the charles schwab ceo earlier this week. they're cutting their etf fees, which puts pressure on everybody in the industry. will you be doing the same? >> well, we don't manufacture etfs. we have what we call an
CNBC
Nov 21, 2012 6:00am EST
markets closing at 1:00 p.m. eastern on friday. take a look at the u.s. equity futures. the dow is down by about 3 points. the s&p 500 is off by four. the nasdaq down by about 12. because of tomorrow's holiday, you do have the labor department coming out, releasing its weekly jobless claims numbers today. we get them a day early instead of a day late. also today we'll be getting weekly mortgage rates. and freddie mac will report on the weekly mortgage rate averages as well. >> let's talk about the top global market story this morning. it is greece's international lenders, which did not reach a deal, and now they won't be releasing that next bailout payment. nearly 12 hours of talks failed to reach a consensus. the imf and the central bank all going to gather again on monday to try again, but this is not necessarily good news at all. hostess brands will proceed with a plan to go out of business. the maker of twinkies says last-minute talks with the striking workers broke down yesterday, hearing with a bankruptcy judge set for 11:00 eastern time. then we have another string of bad news. >
CNBC
Nov 30, 2012 6:00am EST
. #. >>> if we go over the fiscal cliff, global business travel association estimates that u.s. biz travel spending will take a $20 billion hit in the short term. but how about the long term outlook? find out next. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >>> what are the long term effects for business travel if the economy falls off the fiscal cliff? the gbta predicts the reduced deficits and lower interest rates will lead to growth in the economy and an increase in business travel spending. >>> welcome back. now to the weather channel. reynolds wolf is standing by. what is happening around the country today? >> the story is all west. everything is taking place out west. rain, some strong winds, even some snow. some places snow getting up to arou
CNBC
Nov 7, 2012 5:00am EST
and save the u.s. economy from going down a dangerous road. it is wednesday, november 7th, the day after and a special early presentation of "squawk box" follows the late presentation that we had yesterday. but it starts right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. and yes, we know it's only 5:00 a.m. on the east coast, but you don't have to double check your clocks. on the morning after election day, we couldn't wait until 6:00 a.m. to get back on the air. the american public handing president obama four more years in the white house. meantime, the balance of power stays the same in the senate. this morning, we have two main items on the squawk agenda. after months of handicapping the race, we'll find out how the global markets react to the decision and ask how you need to position your portfolio. we have a number of people on hand to help us with that task, including mike santoli. he is our guest the next hour. chuck gabriel, his job is to try to connect the dots between washington and investors. we have jeremy seigel. also, vincent rinehart. we'll be jo
CNBC
Nov 18, 2012 7:30pm EST
on the program. >> glad to be here. >> so the international energy agency this week said the u.s. will be the largest global oil producer in 2020. this is amazing. so tell me about this sea change in global energy flows today. >> it's great to have more american-made energy, but it's not good enough. we also need to modernize our energy grid. it's not good enough to just be the best at producing the energy the last century. and we are going to spend a couple trillion dollars modernizing the grid, and the question is how we do it. hopefully we do it in a way that protects us from cyber security risks that makes the grid more resilient from storms. that facilitates energy efficiency and renewable energy, cleaner energy in the future. >> you know, it's interesting, because i think we all want to be energy-independent. we want -- we know this country is rich in natural gas. but for the most part, people don't want it in my backyard and yet ge ceo jack with welsh compared it to the internet boom with job pro portion and increases. how do you balance it, the potential economic boom we
CNBC
Nov 20, 2012 11:00pm EST
print real u.s. postage for all your letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certified. international. and the mailman picks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] tell me about it. why am i not going anywhere? you don't believe hard enough. a smarter way to shop around. now that's progressive. call or click today. [ grunting ] >>> throughout this entire >>> throughout this entire period, it's been difficult for the markets. there has been one trend that has been held up the entire time. crm is the symbol. the software is the service player that is the king of the cloud. tech is linked in for the higher price to earnings multiple. being a high flying turbo charged
CNBC
Nov 29, 2012 9:00am EST
that that is having on industrials commodities in particular. we have of course seen some optimism on the u.s. budget deal. we're also looking at the uptick in gdp data, but we're also watching some technical levels, we have been in this range of $85, $90 for true value. a moving average for copper, momentum in that commodity as well. gold holding it's own after that decline in the last session. right now we're looking at gold above the 1720 level. we'll also be keeping our eye on natural gas, we'll look at that inventory data. >> back to you. >> thank you very much. >>> as talks over the fiscal cliff continue, you will want to hear what republican senator rand paul had to say about deficit reductions and the controversial norquist tax pledge. >>> also ahead -- >> still to come, with the fiscal cliff getting closer. >> if i was involved in a negotiation like that and everybody was purporting to be where they are, i would say an agreement was reachable. >> former centr [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -
CNBC
Nov 19, 2012 6:00am EST
thanksgiving week, aside from the one disturbance in the central u.s. and the one other area off the carolinas, fairly quiet with the exception of the northwest coastline. that's where we're dealing with a lot of snow and a lot of rain. much of the snow over 7,000 feet. rain especially coastal oregon in some areas 7, 8 inches over the next few days. tuesday, still fairly quiet travel wise. wednesday, that persists in the northwest still remaining one of the trouble spots. thanksgiving, looking pretty good across a good stretch of the country. just a few showers up towards seattle. and as far as the numbers for friday are concerned, looking good there, as well. that may help some of the consumer numbers on black friday. >> why do you have a cool there for thanksgiving? i thought it would be fairly mild here on thursday. i heard low 50s. >> here we are in november, though. so cool, 50s. it's close to the averages. >> all right. just wanted to make sure. i was paying attention. supposed to be sunny and 50s. >> are you going to the parade? >> i'm going to try to go to the parade. we try to go ever
CNBC
Nov 16, 2012 6:00am EST
u.s. equity futures are down by about 21 points. s&p off by 3 1/2. and as we've been talking about daily, the looming fiscal cliff is a big piece of the market story. today barack obama is officially kicking off budget negotiations. at issue is a one-two punch. we have expiring bush era tax cuts and across the board spending cuts both set to hit in january. simpson and bowles with a warning to washington about what's at stake. >> if we get over on the cliff, we don't have a deal, and the market doesn't anticipate that we're actually going to be so stupid as to go over the cliff, then i think you'll see the market really crash and i think you'll see the rating agencies downgrade our credit again, you'll see fitch and moody's join s&p. i think you'll see corporations lose confidence. you'll see them slow down hiring, stop capital xebd churs, capital will go on on strike, it will be a hell of a mess. >> leaders of both parties think it would be to their advantage to go off the fiscal cliff. what a 12 straight that is, that we could win more as democrats if we let it go or we can win m
CNBC
Nov 21, 2012 9:00am EST
eight years of the weakest growth in u.s. history. so, he needs a deal so that the next four years are better than the last four years. >> we'll see. obviously, still the opening days of this process. charlie, the fed chairman in new york yesterday referring to these talks, reiterating how important it is they get done. he coined the term, fiscal cliff, "the washington post" today says. also adds that the evans rule is an area they continue to look into. fallout today from what he said yesterday? >> ilgt bit but that will happen. the market will be going up and down on small indicators. is john boehner smiling or frowning today? we'll have a lot of volatility for the next two or three months because i do think it's going to be two or three months. i think this is going to go into january. i think close to a 50% chance we'll go over the fiscal cliff temporarily. the market won't react well to that so it's going to be very, very bumpy couple of months here. >> that said, seasonally, i was told not too long ago, the period between thanksgiving week and december 3rd, the past 20 years
CNBC
Nov 1, 2012 6:00am EDT
died in the u.s. as a result of sandy. most of them from new york and new jersey. still 5.6 million customers in the dark. and it may be ten days before the hardest hit areas sea power restored. more than 19,000 flights were canceled because of sandy, but stranded passengers have something to be thankful for. newark and jfk airports were back in business yesterday and delta and american airlines are scheduled to resume a limited number of flights out of laguardia in about 30 minutes. the mta is also getting back to business with new york city subways offering limited service starting today. the m tcta is waiving all fees until tomorrow. so good news there. >> we're looking for any good news so thank you. the eye of hurricane sandy has hit the jersey shore hard. it wiped away entire economies. president obama surveyed the damage with chris christie yesterday. this morning kayla tausche is in toms river, seaside heights. what's it look like there? >> reporter: it's very dark here. we're at the mouth of the bridge which leads over to sea sooid heights, a road only accessible by emergen
CNBC
Nov 26, 2012 9:00am EST
haven't made a payment that was ordered of you. >> ordered by who? by some guy? >> by a judge in the u.s. >> let's go to the hague. i'm appealing to the world court. >> they may appeal to the supreme court right here in the good old united states. >> let's see where that goes. i think argentina is a big country and if they want to, they can say, hey, nice to meet you. >> they can. >> right. >> if they want to get back into the capital markets to borrow money which is unclear if they want to at this point. >> what did you say on friday? >> they also have the money. they can make the payment. it's not as though they are distressed. >> you said they're not even borrowing. >> they're not. >> that's why i listen to your report. >> you did listen. i'm glad you did. >> it's amazing that 12 years after that default we're still talking about some of the ripple effects that's going back a ways. >> i thought it was an amazing story. >> we go back to the old citi saying countries don't go broke. >> remember shipley. tallest man in the world. good guy. a lot of good bankers. >> let's bring up old ban
Search Results 50 to 149 of about 232 (some duplicates have been removed)